Is Lakewood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lakewood was a Seller's Market.
Housing Prices in Lakewood, FL
How much do homes in Lakewood, FL cost?
Median Sold Price
$298,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lakewood was $298,500 in March 2024, up 4.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $88.4K | $123.5K | +39.7% |
2 Bedrooms | $203K | $247.1K | +21.7% |
3 Bedrooms | $308.9K | $305K | -1.3% |
4 Bedrooms | $345K | $325K | -5.8% |
5+ Bedrooms | $3.8M | $945K | -75.4% |
Summary: Lakewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.7%, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 75.4%.
Housing Supply in Lakewood, FL
How many homes are available in Lakewood, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 36 | +12.5% |
Summary: The Lakewood real estate market had 36 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 7 | -36.4% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lakewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lakewood in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for Lakewood, FL
How long does it take to sell a home in Lakewood, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 33 Days | -42.7% |
Summary: Homes in Lakewood had an average of 33 days on market in Mar 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Lakewood; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.